trade deficit
noun [C, usually singular] (also trade gap) ECONOMICS, COMMERCE, FINANCEDefinition
› a situation in which the value of goods that a country imports is more than the value of goods it exports, or the size of this difference: trade deficit in sth America's trade deficit in goods and services increased.have/run/post a trade deficit Brazil has run a $14 billion trade deficit with the US.reduce/shrink/cut the trade deficit These export subsidies certainly don't reduce the trade deficit. an annual/monthly trade deficit a ballooning/huge/record trade deficit a goods/merchandise trade deficit
→ Compare trade surplus(Definition of trade deficit noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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